Crestmark Closes 19 Transactions Totaling More Than $16 Million in the First Half of May 2016

TROY, Mich., (May 19, 2016) – Crestmark secured a total of $16,265,000 in financial solutions for 19 new clients in the first half of May.

  • A $150,000 accounts receivable purchase facility was provided on May 2 to a trucking company in Washington. The financing will be used for working capital purposes.
  • On May 4, a $450,000 accounts receivable purchase facility was provided to a trucking company in Minnesota. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on May 5 to a startup trucking company in Florida. The financing will be used for working capital purposes.
  • On May 5, a $500,000 accounts receivable purchase facility was provided to a plastics manufacturer in Florida. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on May 5 to a packaging company in Georgia. The financing will be used for working capital purposes.
  • On May 5, a $1,375,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Oklahoma. The financing will be used to pay off an existing lender and for acquisition purposes.
  • A $400,000 accounts receivable purchase facility was provided on May 6 to a trucking company in Illinois. The financing will be used to pay off an existing lender and for working capital purposes.
  • On May 6, a $150,000 accounts receivable purchase facility was provided to a startup truck company in Texas. The financing will be used for working capital purposes.
  • A $2,000,000 accounts receivable purchase facility was provided on May 6 to a parts supplier for the oil and gas industry in Louisiana. The financing will be used to pay off an existing lender and for working capital purposes.
  • On May 11, a $5,270,000 SBA 7(a) term loan facility was provided to a hospitality management group in Georgia. The financing will be used for acquisition and working capital purposes.
  • A $3,000,000 ledgered line of credit facility was provided on May 11 to a telecommunications installation contractor in Illinois. The financing will be used to pay off a previous lender and for working capital purposes.
  • On May 12, a $750,000 accounts receivable purchase facility was provided to a trucking brokerage in New Jersey. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on May 12 to a trucking company in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • On May 12, a $100,000 accounts receivable purchase facility was provided to a trucking company in Iowa. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on May 13 to a trucking company in Mississippi. The financing will be used for working capital purposes.
  • On May 13, a $145,000 accounts receivable purchase facility was provided to a startup trucking company in Arizona. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on May 13 to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • On May 13, a $75,000 accounts receivable purchase facility was provided to a trucking company in Minnesota. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on May 13 to a trucking company in Alabama. The financing will be used for working capital purposes.